Finance for the Supply Management Professional
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Seminar #4517
June 4 - 6, 2013
Charlotte, NC
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Overview
Explore proven decision-making tools and financial techniques. Learn to communicate the quantitative contributions made by supply management. Apply financial practices to the supply management process and effectively evaluate your suppliers.
Be sure to bring your calculator and a laptop is highly recommended.
Who Should Attend
Supply management professionals who want to better understand the relationship between finance and procurement.
You Will Learn...
- Nine critical elements of the 3 primary financial statements & their inter-relationship
- Eight categories of ratios to improve your analysis
- Three inputs to calculate the Economic Order Quantity (EOQ)
- How to effectively evaluate suppliers' financial status
- How to apply modern financial practices to purchasing
- Six different value formulas to optimize decision-making on capital projects
- Three key arguments for calculating the benefit of offering/taking a discount
You Will Earn...
21 continuing education hours
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Course Outline
- Introduction to finance; Finance defined; Basic financial statements; Financial environment and procurement's position; Roles and skills involved; Purchasing's impact on financial statements
- Financial framework and analysis tools; Management views and perspective; Procurement financial information model; Procurement planning, forecasting and budgeting; Opportunity and risk analysis
- Revenue and cost relationship analysis; Ratio analysis; Breakeven analysis; Cost accounting; Activity based costing/management; Economic profit and the use of value-based tools such as Economic Profit, ABC and Modeling
- Capital expenditure process; Capital analysis; Cost of capital; Financial return analysis; Non-discounting techniques; Discounting techniques; Economic profit and evaluating up and down
- Cash flow analysis; Dynamics of cash flow; Cash management; Statement of cash flow; Cash forecasting; Supplier analysis
- Procurement ratios and formulas; Discount terms; Payment terms; Markups and markdowns; Inventory carrying cost
- Finance and accounting relationship; Understanding finance and accounting; Methods and impact; Principles versus practice (theory and practice); Valuation of the organization and understanding the shareholder's expectation
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Hotel Information
Charlotte Marriott Executive Park
5700 Westpark Drive
Charlotte, NC 28217
704/527-9650
Effective on midnight May 31st, the Charlotte Marriott Executive Park will change ownership, and become the Crown Plaza Charlotte Executive Park. If you had planned on receiving credit with your Marriott Reward Points, unfortunately those will no longer be honored. However, there is a Marriott Residence Inn Charlotte located in the same parking lot as the newly named Crown Plaza hotel. The website for the Marriott Residence Inn Charlotte is: http://www.marriott.com/hotels/travel/cltep-residence-inn-charlotte-south-at-i-77-tyvola-road/ - and they currently have availability over the dates of the seminar.
The team at the current Marriott property has promised the same great service, and customer care – if you currently have a reservation at the hotel that will not change unless you choose to cancel.
Click here for hotel website
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In order to ensure maximum participation interaction and learning, enrollment is limited.
| Seminar Hours: |
| 2-Day Seminars
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| First Day: |
8:30 a.m. - 4:30 p.m. |
| Second Day: |
8:30 a.m. - 4:00 p.m. |
| 3-Day Seminars
|
| First Day: |
8:30 a.m. - 4:30 p.m. |
| Second Day: |
8:30 a.m. - 4:30 p.m. |
| Third Day: |
8:30 a.m. - 4:00 p.m. |
| One-Day Seminars: 8:30 a.m. - 4:30 p.m. |
| Half-Day Seminars (On-Point): 1:00 - 4:30 p.m. |
Please be sure to read all Seminar Registration Information prior to registering for a course.
If this scheduled date for this seminar does not meet your needs, you can search for other available seminars.
| Seminar #4517 |
Regular Price |
Member Price |
| Cost: |
$1,899.00 |
$1,599.00 |
| |
| Total: |
$1,899.00 |
$1,599.00 |
| |
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| * This event does not have early bird pricing. |
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